I like this stock for a short-term trade. I am eyeing $2.84 (Missed Weekly Pivot). My buy trigger is when there's a bullish missed pivot.
XRPEUR is changed into bullish strength. The RSI has crossed the 50% line and entered into Bullish territory. As this pair has 3 Missed Weekly Pivots in a row, this pair requires some correction. Due to the situation worldwide fundamentals can work against this grow. My hope is a bullish moment towards at least the second Pivot.
XLMEUR DAILY CHART Fibonacci on its return Bullish up to level 161.8 On the way two important missed pivots, what probably will act as temporary resistance.
Missed Yearly Pivots at ~23,000 and then at around 18,400. Just saying!
This pair has been diving under and missing every daily pivot since August, 2; due largely to fears of a Brexit deal not materializing. Multiple indicators show RSI divergence and oversold.
Short term resistance has been broken and the pair could potentially rally to the missed pivots above. A reverse head and shoulders pattern has also presented itself indicating potential bullishness.
Still waiting on a BOOM up A monthly pivot can be a very strong magnet when it appears as missed during it´s period Wait for a candle above the 14 EMA. Because of these high speed movements, maybe see the 4 hours chart also to get in at a good place.
Hey traders, this pair has broken some short term support. This is a potential scenario if the pair does in fact continue to show weakness, which means this is a sell stop order and is not active unless price reaches entry before invalidating the trade. Big R/R if successful. Cheers
USDMXN Long Idea Currently the pair has missed two consecutive monthly pivots. We are approaching the end of the month and the third monthly pivot (currently still forming) is currently at 19.28. Looking for long opportunities to buy long towards 3rd Monthly pivot. I have a buy limit at 18.95 (1 Unit Long) and one at 18.50 (5 Units long) Stop below 18.00
USDCAD has broken out of a short parallel channel in addition to many resistance and trendline piercings. I am a buyer over short term resistance during these next three hours of high volatility. Updates to come, cheers all
Hey traders! The bearish move toward gartley completion carried out as predicted and we now have a complete five wave impulse structure. I want to see some bullish price action before continued bearish movement. Therefor, I will be selling the pullback to the trendline violation area. I will likely be using this position as a hedge for the EURUSD 4H short...
Hey traders! I want to sell from these levels, but not until I see a completion of the first wave down followed by a pullback. I want to maximize my R/R and ensure the trade is going in my favor first. Many pivot targets below price. I will update with a trade idea if/when the time comes. Stay tuned!
Entry triggered at the long-term watch level on this pair. Targets are deep, and there are four of them. First target to watch is the weekend gap fill. Of course with these tight stops you have a high probability of stop-put, if you take trades like these manage risk accordingly. I placed SL tightly above highs because any rally above will invalidate the setup...
FX:USDMXN has been on a savage tear the last 2 weeks. It has printed multiple Knoxville divergences as well. Using pivot points and trend lines, I shorted this on break of the last trend line. It now has 2 missed weekly piots, and 1 unhit weekly pivot. I want to short again on a break of the current trend line (which should also make it hit the weekly pivot)....
Hey Traders! GBPJPY has entered the potential reversal zone for point E on a 5-0 pattern. The short at the 0.500 fib retracement remains valid unless price drops lower than 1.345 without entering the short area. Any entry into the short area from these levels will warrant a short and the pattern will be triggered and active. SL is placed above point B with...
Hey Traders! Here are a few levels to look for to short this pair. The first level I'll be looking for is break out of the rising wedge. A close below the bottom of the wedge will likely mean further price action toward the target zone. If no breakout occurs, I'll be looking for rejection at the Gartley PRZ, then the deep crab if the bullish pullback is strong...
Mornin' traders! There are a couple of key levels to watch here on USDCAD. The most important of which to me is the 1.284 area. Before taking a long position I want to see price close the weekend gap and touch the unhit daily pivot for Friday. Since a higher low was created from a bullish impulse, I will be looking for bullish price action (pinbars, engulfing...
There is a clear head and shoulders pattern complete on the monthly chart for cable. Instead of shorting the pair immediately, I'd rather sell it from the 1.6 area to create a higher R/R and minimize risk. If we see a monthly pinbar for August I will be buying the pair up to this level on the 1-4 hour TF. There's an overage of pessimism surrounding the GBP at...